A growth strategy for Europe

Low oil prices, a more competitive euro exchange rate, and the European Central Bank’s judicious use of its full suite of monetary-stabilization policies—not to mention the fact that the threat of Grexit has been averted, at least for now—provide a favorable backdrop for such ambitious reforms. Even the political environment may not be as inauspicious as is often believed: Despite the worrying rise of anti-European sentiment in many countries—especially those hit hardest by the crisis—there is a palpable yearning among Europeans to break out of the continent’s debilitating economic (and political) rut, write Hans-Helmut Kotz, Eric Labaye and Sven Smit in Project Syndicate.
Source: McKinsey

A growth strategy for Europe

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